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Petróleo Brasileiro S.A - Petrobras, following up on the press releases published on 04/25/2024, informs the remuneration value to shareholders regarding extraordinary dividends related to the balance of December 31, 2023, updated by the Selic rate until May 2, 2024 (record date). It is important to notice that the gross dividend values per share will... Continue Reading →
(OE) CADEMO Corporation, established by Floventis, and California Community Power (CC Power) have signed a memorandum of understanding (MoU) to facilitate the development of the 60 MW floating wind project off the California coast. The MoU is intended to establish a collaborative engagement between CC Power, a joint powers authority that conducts joint power procurement... Continue Reading →
(Reuters) - Vestas (VWS.CO), opens new tab, the world's largest maker of wind turbines, reported on Thursday a surprise adjusted operating loss for the first quarter, hit by lower project deliveries, but stuck to its earnings guidance for the year. It reported an operating loss before special items of 68 million euros ($73 million) against a... Continue Reading →
(Reuters) - Orsted, the world's biggest offshore wind farm developer, reported on Thursday a rise in first-quarter operating profit thanks to higher earnings from its offshore wind farms, and confirmed its full-year guidance. The offshore wind industry has been struggling with rising inflation, interest rate hikes and supply chain delays. Following a strategic review of... Continue Reading →
(Reuters) - Shell (SHEL.L), opens new tab reported first-quarter profit of $7.7 billion on Thursday, exceeding expectations as disruption to Red Sea shipping and Russian refining boosted oil trading and liquefied natural gas production rose. The company said it will buy back a further $3.5 billion of its shares over the next three months, at a similar... Continue Reading →
(Offshore-energy.biz) Offshore drilling contractor Transocean is looking forward to securing new assignments for its rig fleet, thanks to the high demand for offshore drilling services on the global oil and gas stage. The rig owner’s expectations of further long-term contracts are fueled by the current upcycle and deals awarded in the first quarter of 2024.... Continue Reading →
(Reuters) - French energy giant TotalEnergies (TTEF.PA), opens new tab posted a 22% decline in first-quarter earnings due to a steep decline in profits from natural gas, while warning that rising crude oil prices could weigh on refining margins in coming months. Adjusted net income for the three months to end-March came to $5.1 billion, the company... Continue Reading →
(offshore-energy.biz) In what is described as a “strong start of the year”, Dutch geo-data specialist company Fugro reported a 9% revenue growth for Q1 2024 compared to the same period last year, said to be due to ongoing significant growth in offshore wind projects. Revenue in the first quarter was €503.2 million, a 9% increase compared... Continue Reading →
(Reuters) -Oil giant Chevron Corp beat estimates for first-quarter profit on Friday as higher production volumes in the U.S. helped offset a hit from weak natural gas prices and fuel margins. The second largest U.S. oil producer posted a profit of $5.5 billion in the quarter ended on March 31, down from $6.57 billion, or... Continue Reading →
(Reuters) - Exxon Mobil Corp on Friday missed analysts' estimates with a 28% year-on-year drop in first quarter profits as weaker refining margins and lower natural gas prices offset volume gains. The largest U.S. oil company, which is in the process of closing a $60 billion deal for top shale oil producer Pioneer Natural Resources,... Continue Reading →
